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Nivea Case Study

Satisfactory Essays

Marketing Foundations
Professor: Vernette Sinaise
Nandy Nedd

1. A Marketing plan is defined as a plan to identify and then meet consumers’ requirements. NIVEA FOR MEN developed its marketing plan after doing a market research. Two pieces of data that NIVEA used when preparing its marketing plan to re-launch NIVEA FOR MEN are: a. Past performance data of NIVEA FOR MEN in the UK to see how the brand was performing and the promotion they used and who was buying the product, they were able to determine that women were buying for the men which allowed them to shift their focus to really targeting the men so they would not only look but buy the products b. Forecasting data so that they would be able to create a new marketing …show more content…

2. The company has a strong financial base since it was in operation for ten years so it has the resources to put together a strong marketing campaign 3. They had well educated staff with relevant skills and researchers with the scientific skill to develop products that men want and marketing staff with the skills to help promote the products effectively | 1. NIVEA FOR MEN introduced the product in a limited range since their focus was mostly women. 2. They had no special outlets just for the men’s product 3. There is no set model for marketing | External | Opportunities | Threats | 1. There has been an increase in demand for male skin care products. 2. Men are becoming more open to facial skin care products | 1. As demand for male skin care products increase, more competitors are entering the market to take advantage of that. 2. Consumers are becoming more knowledgeable and price conscious, they expect sales promotions like discounts and offers which could affect profit. |

SWOT Analysis Summary | This would help to better evaluate the business and products so that the resources can be better utilized. |

4. The marketing plan for NIVEA FOR MEN was very effective because the re-launch met its overall target despite the economic climate. The performance indicators

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